Konecranes Plc (OTCMKTS:KNCRY – Get Rating) was the target of a large growth in short interest in the month of March. As of March 31st, there was short interest totalling 600 shares, a growth of 50.0% from the March 15th total of 400 shares. Based on an average daily volume of 100 shares, the days-to-cover ratio is currently 6.0 days.
A number of equities analysts recently weighed in on the company. UBS Group decreased their price target on Konecranes from €47.00 ($51.09) to €44.00 ($47.83) in a research report on Wednesday. Morgan Stanley reduced their price objective on Konecranes from €41.00 ($44.57) to €38.00 ($41.30) in a research note on Monday, April 4th.
Shares of Konecranes stock opened at $5.57 on Friday. The stock has a 50-day moving average price of $6.95 and a 200 day moving average price of $7.60. Konecranes has a 1 year low of $5.57 and a 1 year high of $8.14.
Konecranes Company Profile (Get Rating)
Konecranes Plc manufactures, sells, and services cranes, lifting equipment, and machine tools worldwide. It operates through three segments: Service, Industrial Equipment, and Port Solutions. The company offers specialized maintenance services and spare parts for industrial cranes and hoists. It also provides a range of industrial cranes for general manufacturing and various process industries; and crane components and lifting equipment solutions to other crane manufacturers and distributors.
- Get a free copy of the StockNews.com research report on Konecranes (KNCRY)
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